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GFOA Recognizes Port of Brownsville for Excellence in Financial Reporting

BROWNSVILLE, Texas — For the sixth consecutive year, the Brownsville Navigation District has received the highest form of recognition for governmental accounting and financial reporting for its 2016 comprehensive annual financial report (CAFR).

“The Brownsville Navigation District financial team is committed to full financial transparency, as are the BND commissioners,” said John Wood, BND chairman. “We commend the team on their commitment to the district’s taxpayers and congratulate them on this well-deserved recognition.”

The Government Finance Officers Association of the United States and Canada (GFOA) presented the award to Stephen B. Fitzgibbons, Port of Brownsville director of finance.

“I am proud to work alongside a team of professionals dedicated to the highest principles of government accounting,” said Mr. Fitzgibbons.

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.